CDH seeks $700m to support Sirtex acquisition

By Pan Yue
31 Jul 2018

Bank of China Macau branch is providing a $700m loan to back Chinese alternative asset management firm CDH Investment’s acquisition of Sirtex Medical, according to a source close to the situation.

The deal is split into three tranches: a $300m five year term loan, a $400m 18 month bridge loan, and a $400m five year incremental loan. The incremental loan will be used to refinance the bridge portion and has a remaining life of 3.5 years after drawdown. Lenders ...

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